Qatana Asset Solutions Limited

Registered number

06734291

Report and Accounts

31 January 2025

Qatana Asset Solutions Limited
Registered number:		06734291

Balance Sheet
as at 31 January 2025

Notes			2025			2024
£				£
Fixed assets
Intangible assets	3		77,350			-
Tangible assets	4		238,507			225,268
			315,857			225,268

Current assets
Debtors	5	188,617			208,897
Cash at bank and in hand		141,618			111,015
		330,235			319,912

Creditors: amounts falling due within one year	6	(206,562)			(153,381)

Net Current assets			123,673			166,531

Total assets less current liabilities			439,530			391,799

Creditors: amounts falling due after more than one year	7		(128,533)			(125,845)



Net Assets			310,997			265,954

Capital and reserves
Called up share capital			100			100
Profit and loss account			310,897			265,854

Shareholders' funds			310,997			265,954


The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.



Mr C Nightingale			Mr P Allen
Director			Director

Approved by the board on 29 August 2025

Qatana Asset Solutions Limited

Notes to the Accounts
for the year ended 31 January 2025


1	Accounting policies

	Basis of preparation
	The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland.

	Turnover
	Turnover is measured at the fair value of the consideration receivable, net of value added tax. Turnover includes revenue earned from the rendering of services.

	Tangible fixed assets
	Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Motor vehicles	25% p.a. reducing balance basis
	Fixtures, fittings and equipment	25% p.a. reducing balance basis

	Debtors
	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

	Creditors
	Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

	Taxation
	A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.


	Provisions
	Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.

	Foreign currency translation
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Leased assets
	A lease is classified as a finance lease if it transfers substantially all the risks and rewards incidental to ownership. All other leases are classified as operating leases. The rights of use and obligations under finance leases are initially recognised as assets and liabilities at amounts equal to the fair value of the leased assets or, if lower, the present value of the minimum lease payments. Minimum lease payments are apportioned between the finance charge and the reduction in the outstanding liability using the effective interest rate method. The finance charge is allocated to each period during the lease so as to produce a constant periodic rate of interest on the remaining balance of the liability. Leased assets are depreciated in accordance with the company's policy for tangible fixed assets. If there is no reasonable certainty that ownership will be obtained at the end of the lease term, the asset is depreciated over the lower of the lease term and its useful life. Operating lease payments are recognised as an expense on a straight line basis over the lease term.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			12		12


3	Intangible fixed assets					£
	Development costs (software):

	Cost
	Additions					91,000
	At 31 January 2025					91,000

	Amortisation
	Provided during the year					13,650
	At 31 January 2025					13,650

	Net book value
	At 31 January 2025					77,350

	Development costs (software) are being written off over its estimated economic life of 7 years.






4	Tangible fixed assets
		Fixtures, fittings & equipment		Motor vehicles		Total
£			£		£
	Cost
	At 1 February 2020	55,467		314,130		369,597
	Additions	-		132,925		132,925
	Disposals	-		(43,508)		(43,508)
	At 31 January 2021	55,467		403,547		459,014

	Depreciation
	At 1 February 2020	43,542		100,787		144,329
	Charge for the year	2,981		92,788		95,769
	On disposals	-		(19,591)		(19,591)
	At 31 January 2021	46,523		173,984		220,507

	Net book value
	At 31 January 2021	8,944		229,563		238,507
	At 1 February 2020	11,925		213,343		225,268




5	Debtors			2025		2024
£					£

	Trade debtors			170,237		186,927
	Other debtors			18,380		21,970
				188,617		208,897



6	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loans and overdrafts			10,320		9,600
	Obligations under finance lease and hire purchase contracts			39,064		37,951
	Trade creditors			41,929		21,663
	Corporation tax			11,500		17,500
	Other taxes and social security costs			100,500		66,667
	Other creditors			3,249		-
				206,562		153,381








7	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans			3,847		14,566
	Obligations under finance lease and hire purchase contracts			123,051		110,268
	Other creditors			1,635		1,011
				128,533		125,845


8	Other information

	Qatana Asset Solutions Limited is a private company limited by shares and incorporated in England. Its registered office is:
	Unit K Alpha 319
	Chobham Business Centre
	Woking
	Surrey
	GU24 8JB